Question
A booming economy increases the income of the typical buyer of wireless earbuds (this
is a normal good).
Part 12
A.
increase in demand.
B.
increase in quantity demanded.
C.
decrease in demand.
D.
decrease in quantity demanded.
is a normal good).
Part 12
A.
increase in demand.
B.
increase in quantity demanded.
C.
decrease in demand.
D.
decrease in quantity demanded.
Answers
A. increase in demand.
Consumers of wireless earbuds anticipate that the price of this good will decline in the future.
Part 15
A.
increase in demand.
B.
increase in quantity demanded.
C.
decrease in demand.
D.
decrease in quantity demanded.
Part 15
A.
increase in demand.
B.
increase in quantity demanded.
C.
decrease in demand.
D.
decrease in quantity demanded.
B. increase in quantity demanded.
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